By Busola Bamidele
Small and medium businesses in Nigeria are set to benefit from deepening economic ties with the European Union as the European Bank for Reconstruction and Development (EBRD) prepares to open its first West African office in Lagos.
During a visit from EU Ambassador Gautier Mignot, Vice President Kashim Shettima described the EU as a long-standing partner and highlighted Nigeria's push to remove economic barriers under President Bola Tinubu's administration.
Key reforms like the removal of fuel subsidy and a more transparent exchange rate are paving the way for foreign investment.
Read also:
With Nigeria recently joining the EBRD as its 77th shareholder, the move signals increased opportunities for trade, funding, and technical support especially for SMEs ready to scale.
Shettima also called for renewed focus on youth-targeted programmes such as the Nigeria Jubilee Fellows Programme, reinforcing the government's focus on entrepreneurship and employment.
The EU reaffirmed its commitment to Nigeria, emphasizing cooperation in economic development, humanitarian aid, and sustainable growth critical areas for SMEs looking to thrive in the global economy.
No comments:
Post a Comment